A new applicant, age 45, is applying for a loan Using the table below, what is the estimated probability that the loan will be approved k 4 Record Age Marital Loan Risk Default 1 34 Other ps 5,100 00 Half Yeah 2 24 Single ps 20,000 00 Alto Yeah 3 49 Married ps 3,000 00 Alto No 4 32 Single ps 13,000...

Apologies for the confusion Lets revise the approach to estimate the probability of loan approval fo ...

A new applicant, age 45, is applying for a loan. Using the table below, what is the

Fantastic news! We've Found the answer you've been seeking!

Question:

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability that the loan will be approved? k = 4.

Record	Age	Marital	Loan		Risk	Default
1	34	Other	ps	5,100.00	Half	Yeah
2	24	Single	ps	20,000.00	Alto	Yeah
3	49	Married	ps	3,000.00	Alto	No
4	32	Single	ps	13,000.00	Low	No
5	44	Married	ps	10,000.00	Low	Yeah
6	53		ps	9,000.00

Related Book For answer-question

Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With

ISBN: 9781260716290

7th Edition

Authors: Frederick S. Hillier, Mark S. Hillier

See More Books

Posted Date: Jun 02, 2023 06:17 AM

See More Questions

By looking at the region in Figure 9 first vertically and then horizontally, conclude that And use this fact to calculate: (a) (b) xÌ, the horizontal coordinate of the centroid of the region?...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
How can the knowledge that a market will work itself back into equilibrium help economist predict future prices?
At the beginning of the current year, Heath Company had 20,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock , so...
A radioactive substance decays exponentially with half-life l. Suppose the amount of the substance initially present (when t = 0) is Q 0 . a. Show that the amount of the substance that remains after...
Steven Sanchez worked as a warehouse employee for Gruma Corporation. In December 2016, Sanchez was presented an arbitration agreement during a meeting with George Tate, the human resources manager...
Zebra Imaginarium, a retail business, had the following cash receipts during December 20--. The sales tax is 6%. Dec. 1 Received payment on account from Michael Anderson, $1,360. 2 Received payment...
(a) Find the local extrema and saddle points of the function (x,y) = + -2y-xy+y+1 (b) Use Taylor's approximation around the point (x,y)=(0,0) to obtain an approximation of the above function up to...
You, CPA, work as a consultant on various engagements. Your client, Over The Edge Ltd. (OTE), has grown from a small custom snowboard manufacturer servicing the local market to a multinational...
John is considering purchasing a bond with a face value of $5500 and a coupon rate of 12 percent, due in 10 years. Inflation is expected to be 5 percent over the next 10 years. John's real MARR is 18...
A rock in a sling is 0.40 m from the axis of rotation and has a tangential speed of 6.0 m/s. What is the rock's mass if the centripetal force is 8.00 10 N? 210.
A spherical shell contains three charged objects. The first and second objects have a charge of -15.0 nC and 38.0 nC, respectively. The total electric flux through the shell is -323 N.m/C. What is...
4. A car is traveling around a corner at 25 m/s with a tangential acceleration 1 m/s acting 30 degrees of the normal axis. Determine the following: A. Magnitude of the car's acceleration. B. Normal...
An object slows from an initial rate of 30 rad/s at a rate of -0.6 rad/s. a) How long does it take for the object to come to rest? b) What is the angular displacement of the object? c) How many...
4) For the liquid-level system shown in figure, obtain a) mathematical model of the system b) transfer function of the system (H(s)/Q (s)) 9(1) h R 90(1) Hint: Liquid inflow-liquid outflow rate of...
Question 25 True|False: RAM is main memory, which is volatile because its data will be lost when power is off. True False Question 26 True|False: Secondary storage holds its data and programs even...
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
How much more would it cost Dupit to reduce this average waiting time to 1/4 workday by decreasing the number of machines assigned to each tech rep?
How do range names make formulas and the model in Solver easier to interpret? How should range names be chosen?
What is meant by the allowable range for a coefficient in the objective function?
We can make a static measurement to deduce the spring constant to use in the model. If a $61 \mathrm{~kg}$ woman stands on a low wall with her full weight on the ball of one foot and the heel free...
A $1.00 \mathrm{~kg}$ block is attached to a horizontal spring with spring INT constant $2500 \mathrm{~N} / \mathrm{m}$. The block is at rest on a frictionless surface. A $10.0 \mathrm{~g}$...
If, during a stride, the stretch causes her center of mass to lower by $10 \mathrm{~mm}$, what is the stored energy? A. $3.0 \mathrm{~J}$ B. $6.0 \mathrm{~J}$ C. $9.0 \mathrm{~J}$ D. \(12...

A new applicant, age 45, is applying for a loan. Using the table below, what is the

Question:

Expert Answer:

Apologies for the confusion Lets revise the approach to estimate the probability of loan approval fo... View the full answer

Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With

Students also viewed these finance questions